OKR full form is objective and key results. It is a performance management system that provides a framework for setting measurable goals and tracking progress. The OKR framework is a popular goal-setting system that has been used by companies like Google, Facebook, and Intel.
If you’re thinking of implementing an OKR system in your own company, it’s important to keep in mind that there is no one-size-fits-all approach. The key benefits of using objectives and key results are that it can help to:
There are a few different ways to structure OKRs, depending on what works best for your company. Here are a couple of examples to give you an idea of how others have approached setting goals with this method:
Each objective should have at least one measurable metric that can be used to track progress. These metrics will be assessed regularly, usually monthly or quarterly, to see if the objectives have been met. If not, action plans will be put into place to get back on track.